Two things for you guys.
1. A bunch of people have said they'd rather have the leather side out when folding the cover into a triangle to not get dirt between the cover and the ipad, but that it's not as stable as fiber side out. I think that was very intentional by apple (to choose which side to have out) this leather is so soft that it will get scuffed up REAL quick compared to the glass of the ipad. The fiber side is much much easier to just brush dirt off of before closing.
2. Here's a better pic of the oiled cover. I kinda wish I had done mine a tad lighter, but it does match the bag well. I couldn't get the color in the pictures to EXACTLY match the cover in real life but I got as close as I could (plus by the time I was putting the pics together, it was darker which meant the cover looked darker than it did in the light I took the pictures in. so it was hard to compare)
In the top right image. The left side was illuminated primarily by indoor incandescent lighting and the right side was lit primarily by window light.